Economy
Japaul Gains 55.91% in One Week After N20bn Gold Refinery News
By Dipo Olowookere
The news of a N20 billion capital raising for the establishment of a gold refinery and the acquisition of mining companies triggered the demand for the shares of Japaul Gold and Ventures Plc on the floor of the Nigerian Exchange (NGX) Limited last week.
Business Post reports that in the five-day trading week, the stock price of the mining organisation increased by 55.91 per cent to N1.98, leading the gainers’ chart.
According to data obtained from the bourse, Japual, FBN Holdings and UBA closed as the most active stocks, selling 1.030 billion units worth N14.138 billion in 5,263 deals, contributing 40.80 per cent and 31.21 per cent to the total trading volume and value, respectively.
In the week, investors transacted 2.525 billion shares worth N45.297 billion in 32,815 deals versus the 2.451 billion shares valued at N40.570 billion traded a week earlier in 37,959 deals.
The financial services industry led the activity chart with 1.677 billion units valued at N28.776 billion in 14,655 deals, contributing 66.44 per cent and 63.53 per cent to the total trading volume and value apiece.
The energy space trailed with 407.350 million shares worth N1.651 billion in 3,273 deals, and the third place was the ICT sector with a turnover of 120.200 million shares worth N7.255 billion in 2,912 deals.
Thirty-seven stocks appreciated in price during the week versus 63 stocks of the previous week, 43 equities depreciated compared with 29 equities a week earlier, and 75 shares closed flat, in contrast to 64 shares of the preceding week.
On the price movement index, RT Briscoe gained 39.53 per cent to finish at 60 Kobo, GlaxoSmithKline rose by 29.44 per cent to N16.05, PZ Cussons grew by 15.00 per cent to N23.00, and Deap Capital expanded by 14.81 per cent to 31 Kobo.
On the flip side, Caverton lost 13.64 per cent to trade at N1.33, The Initiates declined by 10.53 per cent to N1.02, Northern Nigerian Flour Mills fell by 10.00 per cent to N18.00, Multiverse shed 9.38 per cent to N2.90, and Cadbury Nigeria went down by 8.57 per cent to N14.40.
On a week-on-week basis, the All-Share Index (ASI) and the market capitalisation appreciated by 0.93 per cent and 0.95 per cent to close at 70,849.38 points and N38.925 trillion, respectively.
Similarly, all other indices finished higher except insurance, NGX AFR Bank Value, NGX MERI Growth and sovereign bond indices, which fell by 0.53 per cent, 0.68 per cent, 1.40 per cent and 2.25 per cent apiece, while the ASeM index closed flat.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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